THE RELEVANCE OF THE THOUGHTS OF GANI FAWEHINMI TO AN ECONOMY IN RECESSION AND FIGHTING CORRUPTION TO IMPROVE THE WELFARE OF ORDINARY PEOPLE
By Femi Aborisade [1] Labour Consultant and Attorney-at-Law 09093536706 Or 08091371874 aborisadefemi@gmail.com Introduction The current economic crisis weighing down Nigeria is caused and fuelled by two main factors: 1. The greed of the rulers, and 2. The ruling class surrender to IMF-World Bank dictates. Looked at from the precincts of the perspectives and ideas of the ruling class, the future is grim and society is doomed and hopeless. The facts presented are aimed at justifying imposition of austerity measures and not to explain the causes of the crisis. For example, the emphasis today is to highlight the collapse in oil price in the international market and alarming rising production costs. Nothing is said about the composition of the cost components, the disproportional high levels of income of the top management compared to the workers at the lowest levels. Nothing is said about the exclusion ...